Ghana’s economy now stands on concrete pillars – President Mahama

President John Dramani Mahama has described Ghana’s economy as significantly stronger and more resilient under his administration, saying it no longer depends on fragile foundations.

According to him, the economy has moved from a period of vulnerability to one capable of withstanding external shocks.

“Ghana’s economy is much stronger today than it was in the past. There was a time when our economy stood on broomsticks and collapsed whenever the global economy experienced turbulence. Today, it stands on concrete pillars,” President Mahama said.

He made the remarks during a community engagement in the Upper West Region as part of his two-day #ResettingGhana Tour.

President Mahama said the resilience of the economy was demonstrated during the recent Iran–Israel–United States conflict, which he noted did not cause the level of disruption that could previously have been expected.

He acknowledged that Ghana could have recorded faster economic growth this year if the international environment had been more favourable.

“Even during the recent Iran–Israel–United States conflict, Ghana’s economy remained resilient,” he said.

The President, however, maintained that the government remained focused on sustaining economic stability and ensuring that the gains recorded were reflected in the lives of ordinary Ghanaians.

He disclosed that preparations for the 2027 national budget had already commenced, with government expected to identify and prioritise areas requiring increased attention.

“We will ensure that the essential priorities of our people are reflected in that budget,” President Mahama said.